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Gold Reserve Updates on U.S. Government’s Support in PDVSA Bonds Litigation

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Gold Reserve Updates on U.S. Government’s Support in PDVSA Bonds Litigation

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Gold Reserve ( (TSE:GRZ) ) has issued an announcement.

Gold Reserve Ltd. announced that the U.S. Government has filed a Statement of Interest in a New York federal court regarding the validity of the 2020 PDVSA bonds, which were issued by the Maduro regime. The U.S. Government supports the 2015 National Assembly of Venezuela, which has declared the bonds invalid under Venezuelan law. This development could impact Gold Reserve’s operations and stakeholders, as it aligns with the U.S. Government’s recognition of the 2015 National Assembly as the legitimate government of Venezuela.

Spark’s Take on TSE:GRZ Stock

According to Spark, TipRanks’ AI Analyst, TSE:GRZ is a Neutral.

Gold Reserve’s overall score is significantly impacted by its weak financial performance, particularly its profitability challenges and negative cash flows. Although technically the stock shows some short-term upward momentum, the valuation is unattractive due to negative earnings. Recent corporate events introduce both potential risks and strategic benefits, but the overall outlook remains cautious.

To see Spark’s full report on TSE:GRZ stock, click here.

More about Gold Reserve

Average Trading Volume: 27,077

Technical Sentiment Signal: Buy

Current Market Cap: C$402.4M

See more data about GRZ stock on TipRanks’ Stock Analysis page.

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